Mondelez International (NASDAQ:MDLZ) Downgraded by Jefferies Financial Group to Hold

Mondelez International (NASDAQ:MDLZ) was downgraded by analysts at Jefferies Financial Group from a “buy” rating to a “hold” rating in a report released on Tuesday, Marketbeat.com reports. They presently have a $62.00 price objective on the stock, down from their previous price objective of $75.00. Jefferies Financial Group’s price target would indicate a potential upside of 7.16% from the company’s previous close.

Other analysts have also recently issued reports about the stock. Evercore ISI lifted their target price on shares of Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $61.00 price objective (down previously from $74.00) on shares of Mondelez International in a research note on Tuesday, January 7th. The Goldman Sachs Group lowered their target price on shares of Mondelez International from $79.00 to $68.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Redburn Atlantic assumed coverage on Mondelez International in a research report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price target for the company. Finally, Bank of America upped their price target on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $74.13.

Mondelez International Trading Down 0.2 %

NASDAQ MDLZ opened at $57.86 on Tuesday. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. Mondelez International has a 1-year low of $55.97 and a 1-year high of $77.20. The firm’s fifty day simple moving average is $61.43 and its 200-day simple moving average is $67.20. The company has a market capitalization of $77.37 billion, a PE ratio of 20.52, a price-to-earnings-growth ratio of 3.12 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.14. The company had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The business’s revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.82 EPS. As a group, sell-side analysts anticipate that Mondelez International will post 3.47 earnings per share for the current fiscal year.

Mondelez International declared that its board has approved a stock repurchase plan on Wednesday, December 11th that permits the company to repurchase $9.00 billion in shares. This repurchase authorization permits the company to buy up to 10.7% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Institutional Investors Weigh In On Mondelez International

Institutional investors have recently bought and sold shares of the business. Mizuho Securities USA LLC lifted its position in shares of Mondelez International by 12,057.4% during the 3rd quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock worth $926,327,000 after buying an additional 12,470,573 shares during the period. Ilex Capital Partners UK LLP bought a new position in shares of Mondelez International during the third quarter valued at $219,045,000. FMR LLC boosted its stake in shares of Mondelez International by 14.2% in the 3rd quarter. FMR LLC now owns 18,255,657 shares of the company’s stock valued at $1,344,894,000 after purchasing an additional 2,268,639 shares in the last quarter. Holocene Advisors LP acquired a new stake in shares of Mondelez International during the 3rd quarter worth about $159,823,000. Finally, National Bank of Canada FI boosted its position in Mondelez International by 173.7% in the third quarter. National Bank of Canada FI now owns 3,049,440 shares of the company’s stock valued at $224,652,000 after buying an additional 1,935,356 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

About Mondelez International

Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe. It provides biscuits and baked snacks, including cookies, crackers, salted snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.